Demand for carbon capture & storage to hit $8bn by end of decade
The market for Carbon Capture, Utilisation, and Storage (CCUS) technologies is forecast to increase from US$4.89 billion in 2024 to US$8.04 billion in 2030 at a Compound Annual Growth Rate (CAGR) of 8.7%. According to new research from ABI, growth in the market is expected to slow until 2026-2027 before accelerating as projects are completed […]
Carbon Capture and Storage in the UK
Carbon capture and storage is becoming an increasingly important part of the UK’s strategy to tackle climate change and achieve net zero emissions. Also known as Carbon Capture, Utilisation and Storage (CCUS), these technologies are emerging as a critical tool for both the public and private sectors. Here, we explore how carbon capture and storage […]
Natural carbon capture projects catch £4.3m funding
Six pioneering nature projects across England have received major funding award to trial the most effective ways to capture carbon and mitigate the impacts of climate change. Nature Based Solutions for Climate Change at the Landscape Scale is a partnership led by Natural England with the Environment Agency, the Forestry Commission and Royal Botanic Gardens […]
Net Zero, carbon capture and hydrogen: Regulatory developments
By Matt Lewy (pictured), Energy Partner at law firm Womble Bond Dickinson The UK government is pressing ahead with the development of the regulatory regime for carbon capture, utilisation and storage (CCUS), following the latest suite of updated business models published in May 2021. Ultimately the CCUS regime will look like many regulated utilities, with […]
US pledges $43 million to carbon capture technologies
The U.S. Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (ARPA-E) has announced up to $43 million in funding to develop carbon capture and storage (CCS) technologies. The goal is to enable power generators to be responsive to grid conditions in a high variable renewable energy (VRE) penetration environment. The FLExible Carbon Capture and Storage […]